Summer Infant, Inc. (SUMR) Director Andrew Michael Train Purchases 10,000 Shares

Summer Infant, Inc. (NASDAQ:SUMR) Director Andrew Michael Train acquired 10,000 shares of Summer Infant stock in a transaction dated Tuesday, June 12th. The shares were purchased at an average cost of $1.34 per share, with a total value of $13,400.00. Following the completion of the transaction, the director now directly owns 25,000 shares of the company’s stock, valued at $33,500. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

NASDAQ SUMR traded up $0.01 during trading hours on Thursday, hitting $1.28. 25,482 shares of the company traded hands, compared to its average volume of 64,397. Summer Infant, Inc. has a twelve month low of $0.72 and a twelve month high of $2.25. The company has a debt-to-equity ratio of 3.55, a quick ratio of 0.95 and a current ratio of 1.81. The stock has a market capitalization of $23.73 million, a PE ratio of 18.29 and a beta of -0.26.

Summer Infant (NASDAQ:SUMR) last issued its quarterly earnings results on Thursday, May 3rd. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.01. Summer Infant had a positive return on equity of 4.01% and a negative net margin of 2.78%. The firm had revenue of $42.06 million during the quarter, compared to analysts’ expectations of $40.24 million. research analysts forecast that Summer Infant, Inc. will post 0.1 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Kennedy Capital Management Inc. boosted its position in Summer Infant by 76.1% during the fourth quarter. Kennedy Capital Management Inc. now owns 514,142 shares of the company’s stock valued at $771,000 after purchasing an additional 222,217 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new position in Summer Infant during the fourth quarter valued at approximately $333,000. Quantum Capital Management boosted its position in Summer Infant by 18.6% during the first quarter. Quantum Capital Management now owns 337,936 shares of the company’s stock valued at $389,000 after purchasing an additional 52,942 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in Summer Infant by 15.2% during the fourth quarter. Renaissance Technologies LLC now owns 340,800 shares of the company’s stock valued at $511,000 after purchasing an additional 45,000 shares during the last quarter. 49.75% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently weighed in on the company. Zacks Investment Research raised Summer Infant from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 25th. ValuEngine cut Summer Infant from a “buy” rating to a “hold” rating in a research report on Tuesday, February 27th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Summer Infant in a research report on Thursday, February 22nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $2.50.

About Summer Infant

Summer Infant, Inc, together with its subsidiaries, designs, markets, and distributes branded juvenile health, safety, and wellness products primarily in North America. The company markets approximately 1,100 products in various product categories, such as monitoring, safety, nursery, baby gear, and feeding products under the Summer Infant, SwaddleMe, and Born Free brand names.

Insider Buying and Selling by Quarter for Summer Infant (NASDAQ:SUMR)

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